Australian Forex Brokers

Most Forex Brokers in Australia are regulated by ASIC regulatory authority, however Australian traders do not always choose a locally based brokerage but rather spread their wings and choose the best Forex brokers which are not located in Australia at all. That being said, there are of course advantages in choosing an Australian forex Broker and this is what we will address in this section now. Australian forex brokers offer outstanding summary of market movements throughout the Asian trading session. Customer assistance is professional and available during the local trading hours and there is an obvious link to the local banks and financial institutions related to money and online trading. Australian Forex Brokers Reviews and Rating

In this section our team of experts has collected a list of the best rated Australian Forex brokers. The reviews of brokerages in Australia are conducted based on overall reputation among forex traders, trading conditions, platform, bonus offers, professional customer support, physical address and regulation. We hope that our hard work pays off and you can easily find the top Australian online forex Broker that suits your financial needs and trading requirements. 

Not only Australians trade Australian dollar AUD. In fact, it is one of the major players in the currency pool including one of the fave AUD/USD. Living in the country, however, makes the local currency even more attractive for trading and therefore searching and comparison of forex brokers in Australia makes perfect sense, since the local firms can ensure better spreads and fastest execution for the AUD related pairs. 

Why do we think that regulated Australian brokers are your best shot? The longer a broker has been operating, the better .Any regulated brokerage seem to be the top choice for any trader around the globe, mainly because you feel more protected against fraud. Another interesting fact is that in Australia, regulated Brokers can offer larger leverage options, while non-regulated companies have to minimize the risks and limit the leverage options. Keep in mind that there are billions of non-regulated brokers all over the internet that accept all traders including Australian clients and give gigantic leverage. We do recommend to exercise caution when trading with such brokers, because your funds and personal information might be compromised. 

Australian Forex brokers list

Australian Forex brokers are under the watchful eye of the Australia Securities and Investments Commission. In other words, your funds are better protected and the brokerage cannot just do whatever they wish with your money when you are not looking (or when you are, but cannot do anything about it anyway!). The super advantage of trading with Australia-based broker an living in the country is that if there is some fraud activity your claim against the scam forex broker will be processed faster. 

Compare Forex Brokers
BrokerMin DepositPlatformsPaymentsLeverageRegulation
eToro1http://partners.etoro.com/A11108_TClick.aspx2002-https://www.forexexplore.com/forex-brokers/etoro-revieweToro PlatformnoyesCredit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer1:30; 1:1 for Crypto CurrenciesEnglish, Spanish, Italian, Portuguese, Russian, Chinese, Arabic, GermannoyesCySec, NFAyesyes101000
AGEA0https://www.forexexplore.com/forex-brokers/agea-reviews13$5 no-deposit bonushttps://www.forexexplore.com/forex-brokers/agea-reviewsStreamster, MetaTrader 4yesyesCredit Cards, Wire, Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money1:500Englishnoyes101001
AvaTrade7http://www.avatrade.com/?tag=15741001100% yeshttps://www.forexexplore.com/forex-brokers/avatrade-reviewAvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptionsyesyesCredit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney1:400English, Chinese, Arabic, Spanish, French, Italian, Portuguese, German, IndonesiannoyesCentral Bank of Ireland, ASIC, Financial Services Commission of British Virgin Islandnoyesnoyesyesyes101011
CMCMarkets2https://www.forexexplore.com/forex-brokers/cmc-markets-review10.7-https://www.forexexplore.com/forex-brokers/cmc-markets-reviewNext Generation web-basedyesnoCredit cards, Wire Transfer500:1English, Chinese, French, Spanish, GermannonoFCAnonono100001
Tifia1https://tifia.com/102.5https://www.forexexplore.com/forex-brokers/tifia-reviewMetatrader 4, webtraderyesyeswire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay1:1,000noyesVanuatu Financial Services Commission VFSCyesyesnoyes110001
LiteFinance8https://www.litefinance.com/?uid=90000284110330% + 15%yeshttps://www.forexexplore.com/forex-brokers/liteforex-reviewMetatrader 4, Metatrader 5, WebTerminalyesyes Skrill, Webmoney, Bitcoin, Advcash, Credit Card1:500English, Russian, Chinese, Malaysian, German, Arabic, Partugese, Spanish, French, Hebrew, Japanese, Greek noyesCySEC, Marshal Islands Business Corporation Act.yesnoyesyesyesyesyesyesyes111001
InstaForex7https://www.instaforex.com/?x=JR10.6$100 No Deposit Bonusyeshttps://www.forexexplore.com/forex-brokers/instaforex-reviewMetaTrader 4, Metatrader 5, WebtraderyesyesSome local Bank transfers, PayCo, AstroPay, Cryptocurrency1:1,000English, RussianyesyesRAFMMyesyesyesyes111001
Dukascopy4https://www.forexexplore.com/forex-brokers/dukascopy-reviews2500.5-yeshttps://www.forexexplore.com/forex-brokers/dukascopy-reviewsDukascopyyesyesWire, Bank Guarantee, Standby letter of Credit Segregated Accounts1:500English, French, German, Russian, Spanish, Chinese, Japanese, ArabicKPMG ARIFyes110101
RealTrade1http://realtrader.org/203 30% welcome bonushttps://www.forexexplore.com/forex-brokers/realtrade-reviewsMetaTrader 4noyesCredit Cards, WebMoney, and Wire Transfer1:500English, Russiannononononoyes000001
FxPro5https://www.forexexplore.com/forex-brokers/fxpro-review1000.5up to $1,000yeshttps://www.forexexplore.com/forex-brokers/fxpro-reviewFxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium yesyesCredit/Debit Card, Bank Wire, PayPal, Neteller, Skrill 1:500Arabic, Chinese, English, French, German, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish and Vietnamese nonoFCA, CySECyesyesnoyes101011
FXOpen1https://www.fxopen.com/12$100https://www.forexexplore.com/forex-brokers/fxopen-reviewsMetaTrader 4noyesWire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney1:500EnglishnonoASIC, FCA UK, Financial Dispute Resolution Schemeyesyesnoyesyes111001
PrimeXBT4https://go.primexbt.com/click?pid=2298&offer_id=121https://www.forexexplore.com/forex-brokers/primexbt-reviewPrimeXBT, TurboyesnoCredit Cards1:1000yesASICyesyesyesyes000001
ActivTrades2https://www.forexexplore.com/forex-brokers/activtrades-reviews1002https://www.forexexplore.com/forex-brokers/activtrades-reviewsMetatrader 4, ActivtraderyesyesCredit Card, Wire transfer, neteller, skrill, sofort1:400English, German, Spanish, Italian, French, PortuguesenonoFCA100001
House of Borse1https://www.forexexplore.com/forex-brokers/house-of-borse-review500000.8https://www.forexexplore.com/forex-brokers/house-of-borse-reviewMetaTrader 4noyescredit cards, wire transfer1:100nonoFCA UKyesyesyes100000
FXDD3http://www.fxdd.com/1002-https://www.forexexplore.com/forex-brokers/fxdd-reviewsMetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtremenoyesWire, PayPal, Check, BPS 1:200English, Chinese, Japanese, Russian, Spanish, Portuguese, German, French, Turkish, Arabic, VietnameseyesMalta Financial Services Authority (MFSA)yes111000
FXCM5https://www.forexexplore.com/forex-brokers/fxcm-review2502-yeshttps://www.forexexplore.com/forex-brokers/fxcm-reviewTrading Station II, MetaTrader 4, Active Trader, Forex System Selector noyesCredit/Debit card, Online Check, Bank Wire, Paper Check1:200Spanish, French, Chinese, Russian, Portuguese, German, Italian, ArabicyesUK Financial Conduct Authority, AFSL yesyesyesyes101000
Hotforex2https://www.forexexplore.com/forex-brokers/hotforex-review52100% bonushttps://www.forexexplore.com/forex-brokers/hotforex-reviewMetatrader 4, mobile platform, rapid trader fix/apiyesyescredit cards, skrill, Unionpay, neteller, wire transfer, webmoney, fasapay1:1,000nonoyesnoyes001001
Oanda3https://www.forexexplore.com/forex-brokers/oanda-reviews11.4https://www.forexexplore.com/forex-brokers/oanda-reviewsMetatrader 4, FXtradeyesyescheck, Credit cards, PayPal, Wire transfer1:50English, Chinese, German, Spanish, French, Italian, Portuguese and RussianyesnoNFAnononoyesyes100000
Saxo Bank2http://www.saxobank.com50002 n/ahttps://www.forexexplore.com/forex-brokers/saxobank-reviewsSaxoTradernoyesWire1:100English, Belgium, German, French, Spanish, Italian, Arabic, Romanian, Russian, PolishDanish Financial Services Authority and operates in the UAE100000
Forex.com4http://www.forex.com/502-https://www.forexexplore.com/forex-brokers/forex-reviewsForexTrader platform (in-house), MetaTrader 4yesyeswire transfer, Credit/Debit Card, Check1:200English, Russian, Japanese, Arabic, Turkish, German, Chinese, Albanian, Thai, Italian, Hebrew, GreekyesnoCFTC, NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan)yesyesnoyes100000
HYCM4https://www.forexexplore.com/forex-brokers/hycm-reviews100225% up to $5,000https://www.forexexplore.com/forex-brokers/hycm-reviewsMetatrader 4nonocredit cards, wire transfer, Skrill, webmoney1:400English, Chinese, ArabicnonoFCA UK, CySEC, SFCnononoyes100011
AdmiralMarkets1https://www.forexexplore.com/forex-brokers/admiralmarkets-reviews103n/ahttps://www.forexexplore.com/forex-brokers/admiralmarkets-reviewsMetaTrader 4noyesWire1:200English, Spanish, Russian, Lithuanian, Romanian, Latvian, Bulgarian, Greek, Croatian, Polish, Hungarian, Czech, Italian, Estonian, German, Finnish, Portuguese001000
Alpari2https://www.forexexplore.com/forex-brokers/alpari-review1250% Welcomehttps://www.forexexplore.com/forex-brokers/alpari-reviewMetaTrader 4noyesDebit or Credit Card, Wire Transfer1:500English, Chinese, German, and Arabicyesyes011001
FinPro Trading2https://www.forexexplore.com/forex-brokers/finpro-trading-review50.07100%https://www.forexexplore.com/forex-brokers/finpro-trading-reviewMetatrader 4, zulutrade, Finopro stationyesyescredit cards, paypal, skrill, wire transfer1:200Englishnoyesnoyesyesyes010000
Fort Financial Services1https://www.fortfs.com53https://www.forexexplore.com/forex-brokers/fort-financial-reviewsMetaTrader 4, CQG, Ninja trader, binary optionsyesyesCredit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer1:1,000EnglishnonoIFSCyesyesnoyes110001
Blackwell Global2https://www.forexexplore.com/forex-brokers/blackwell-global-review20003-https://www.forexexplore.com/forex-brokers/blackwell-global-reviewMetaTrader 4, Blackwell Pro, Mobileyesyesredit/debit cards, Neteller, Skrill, Wire transfer1:200Arabic, Chinese, English, Greek, Italian, Korean, French, RomanianFinancial Conduct Authority101000
AAAfx2https://www.aaafx.com/3000.2up to 30%https://www.forexexplore.com/forex-brokers/aaafx-reviewsZTP, MetaTrader 4, Binary options webtrader, ZulutradeyesyesWire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi, Bitcoin1:200Arabic, Chinese, English, French, German, Greek, Italian, Japanese, RussiannoyesHCMC (Greece)yes100000
XTB2https://www.xtb.com2502https://www.forexexplore.com/forex-brokers/xtb-reviewsMetatrader 4, xStation, xMobileyesyesCredit cards, Neteller, Paypal, Skrill, Wire transfer1:200nonoCNMV (Spain), FCA (UK), FSA (Poland)yesyesnoyes100000
iFOREX3https://www.forexexplore.com/forex-brokers/iforex-reviews1003-https://www.forexexplore.com/forex-brokers/iforex-reviewsFXnet Traderyesyescredit cards, wire transfer1:400English, Hebrew, Indonesian, German, Spanish, French, Italian, Nederlands, Portuguese, Romanian, Turkish, RUssian, Arabic, Chinese, JapanesenonoHFSA in Hungary, CySECnonono101001
Oinvest0https://kc-welcome.lp-oinvest.co.za/r?hash=_WkFLpV2000.7Samsung Galaxy, iPhonenohttps://www.forexexplore.com/forex-brokers/oinvest-reviewMetatrader 4yesyesSkrill, Neteller, Credit Cards 1:200noyesyesyesyesyesyesyesyesyesyesyes111000
Plus5005https://www.forexexplore.com/forex-brokers/plus500-reviews500230%yeshttps://www.forexexplore.com/forex-brokers/plus500-reviewsPlus500yesnoSkrill, Credit Cards, Wire Transfer1:200English, Hebrew, ArabicIsrael Securities Authority100010
TraderTrust1http://traders-trust.com/100as low as 2100% upto $5,000https://www.forexexplore.com/forex-brokers/tradertrust-reviewsSmartForexnoyesSkrill, Credit Cards1:200English, Russian, Italian, and ArabicCySec, VFCSyes100000
AdvancedMarkets3https://www.forexexplore.com/forex-brokers/advancedmarkets-reviews5000-2.5-https://www.forexexplore.com/forex-brokers/advancedmarkets-reviewsAdvanced Trader/Pro/Prime, Fortex FX noyesWire, Check1:50English, Spanish, KoreanAustralian AFSL, ASICyes100000
XM8http://clicks.pipaffiliates.com/afs/come.php?id=27&cid=3689&ctgid=16&atype=151$30 no deposityeshttps://www.forexexplore.com/forex-brokers/xm-reviewMetaTrader 4, Metatrader 5, XM WebtraderyesyesCredit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer1:888Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Malay, Korean, Polish, Portuguese, Russian, Spanish, Swedish, Turkish, Thai, VientamesenoCySEC, ASIC Australia, IFSC Belizenoyesyesnoyesno101011
Anzo Capital2https://anzocapital.com/1002https://www.forexexplore.com/forex-brokers/anzo-capital-reviewMetaTrader 4yesyesWebmoney, Skrill, Neteller, Credit Cards1:1000English, Chinesenonoyesyesyesyesyesnonoyesnono110001
MEX Exchange1https://www.mexexchange.com/250.2https://www.forexexplore.com/forex-brokers/mex-exchange-reviewMetatrader 4noyesNeteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer1:500nonoASICyesyesyesyes110001
FBS1https://www.forexexplore.com/forex-brokers/fbs-review1from 0,2 pips fixed/floating$123 Welcome Bonushttps://www.forexexplore.com/forex-brokers/fbs-reviewMetaTrader 4, Metatrader 5, Webtradingyesyescredit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrillup to 1:3,000English, Bahasa Indonesia, Bahasa Malyasian, Russian, Spanish, Portuguese, Arabic, Vietnamese, Bengali, Lithuanian, Korean, Chinese, Thai, TamilIFSC; Cysecyesyesyesyes101001
FP Markets3http://go.fpmarkets.com/visit/?bta=35186&nci=5369200starting from 010% credit bonushttps://www.forexexplore.com/forex-brokers/fpmarkets-reviewMetaTrader 4 (MT4), IRESS, Mobile tradingyesyescredit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer1:500English, Bahasa Melayu, French, Finish, Chinese, Norwegian, Russian, Thai, Italian, German, Portuguese, Spanish and SwedishnoyesASICyesyesyesyesyes110011
DFMarkets3http://www.dfmarkets.co.uk100from 0.1 pips10% Trading Credit Promotion up to $1,000https://www.forexexplore.com/forex-brokers/dfmarkets-reviewsDFTrader, DF WebTrader, DF MobileyesyesBank wire, Credit/Debit cards1:200EnglishnonoFCAnononoyesyes100000
EasyMarkets2http://www.easymarkets.com1002.5https://www.forexexplore.com/forex-brokers/easymarkets-reviewMetatrader 4, EasyMarkets web-based platformyesyescredit cards, neteller, Skrill, Webmney, wire transfer1:100nonoASIC (Australia), CySEC (Cyprus)nononoyes101000
OctaFX9http://octaengine.com/c/?p=566&bt=gif&b=236850from 0.2up to 50%yeshttps://www.forexexplore.com/forex-brokers/octafx-reviewsMetaTrader 4, Metatrader 5, cTraderyesyesNeteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay1:500EnglishyesFCA UKyesyesyesyesyes110011
IronFX4https://www.forexexplore.com/forex-brokers/ironfx-reviews100040%yeshttps://www.forexexplore.com/forex-brokers/ironfx-reviewsMetatrader 4yesyescredit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer1:500EnglishnoyesASIC, CySEC, DFSA, FCA UK, FSB, UCRFIN, CRFIN, Member of Eurex Exchange, Consob, BaFINyesyesyes110001
FxGlory0https://www.forexexplore.com/forex-brokers/fxglory-review10.550% up to $1,000https://www.forexexplore.com/forex-brokers/fxglory-reviewMetaTrader4, MobilenoyesCredit/debit cards, Paypal, Bitcoin1:3,000Englishyes000001
TrioMarkets0https://www.forexexplore.com/forex-brokers/triomarkets-review1003-https://www.forexexplore.com/forex-brokers/triomarkets-reviewMetaTrader 4, Sirix WebtraderyesyesCredit Card, Wire, Skrill, Neteller, Paypal and CashU1:300English, Arabic, French, Italian, GermannoyesCySECnoyesno101000
CityIndex2http://www.cityindex.co.uk1002-https://www.forexexplore.com/forex-brokers/cityindex-reviewMT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet AppyesyesCredit/Debit Cards1:400EnglishTrademark of GAIN Capital UK Ltd - Regulated by FCAyesyes100001
Markets.com2https://www.forexexplore.com/forex-brokers/markets-com-review1002up to $2,000https://www.forexexplore.com/forex-brokers/markets-com-reviewMeta Trader 4,MarketTrader, Market WebTrader, Market Java Trader, Market Mobile Trader, Market WAP Trader, Market iTrader, Market AutoTraderyesyesCredit/Debit Cards, Wire Transfer, Webmoney, Local Payments1:200English, French, Spanish, German, Russian, Italian, Chinese, Arabic, Turkish, Portuguese, Japanese, Polish, Greek, Dutch, SwedishCySEC, FSCA South Africa yesyes111000
Orbex0https://www.forexexplore.com/forex-brokers/orbex-review5001.6https://www.forexexplore.com/forex-brokers/orbex-reviewMetaTrader 4noyesSkrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney1:500English, Arabic, Bengali, Spanish, German, Russian, Chinese, Bulgarian, Urdu, GreeknonoCySECyesyesno110001
CMTrading4http://go.cmtaffiliates.com/visit/?bta=36085&brand=cmtrading200215% matchhttps://www.forexexplore.com/forex-brokers/cmtrading-reviewMetaTrader 4, Sirixyesyescredit/debit cards, Wire transfer, CashU ,Skrill1:400Financial Services Board (FSB) South Africa100001
AccentForex0https://www.forexexplore.com/forex-brokers/accentforex-review10350%nohttps://www.forexexplore.com/forex-brokers/accentforex-reviewMetaTrader 4noyesWebMoney, OkPay, Skrill, Wire Transfer, Credit Cards1:500English000001
GrandCapital0https://www.forexexplore.com/forex-brokers/grandcapital-review102$500 no deposithttps://www.forexexplore.com/forex-brokers/grandcapital-reviewMetaTrader 4, WebTraderyesyesCredit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney500:1English, Russian, Chinese, IndonesianyesnoFinancial Commission FinaCom, EDR Hong Kong external dispute resolution organizationyesnono101001
Simplefx1https://simplefx.com11https://www.forexexplore.com/forex-brokers/simplefx-reviewsMetaTrader 4 and in-house web-based platformyesyesWire transfer, Credit/debit cards, Skrill, Neteller, Astropay, Webmoney, FasaPay, Qiwi, Moneta, ru, Yandex, China UnionPay, Bitcoin and litecoin1:100nonononononoyes000000
Alvexo0https://www.forexexplore.com/forex-brokers/alvexo-review50003.3-https://www.forexexplore.com/forex-brokers/alvexo-reviewMetaTrader 4, WebTrader, MobileyesyesCash-U, Credit Card, Webmoney, Wire Transfer400:1English, FrenchnonoCySECyesyes100001
RubixFX0https://www.forexexplore.com/forex-brokers/rubixfx-review5000.2-https://www.forexexplore.com/forex-brokers/rubixfx-reviewMetaTrader 4noyesWire Transfer, Credit Cards400:1English, French000001
NSFX0https://www.forexexplore.com/forex-brokers/nsfx-review3003https://www.forexexplore.com/forex-brokers/nsfx-reviewMetatrader 4, Webtrader, NSFX Jforex platformyesyescredit cards, Skrill, CashU and wire transfer200:1English, Arabic, German, Turkish and ItaliannonoMFSAyesyesno100000
Synergy FX1https://synergyfx.com/5002https://www.forexexplore.com/forex-brokers/synergyfx-reviewsMetaTrader 4noyescredit cards, skrill, wire transfer1:500noyesASIC, AFSLyesyesyesyes100001
FXGrow0https://www.forexexplore.com/forex-brokers/fxgrow-review1000.8-https://www.forexexplore.com/forex-brokers/fxgrow-reviewMetaTrader 4, NetStationyesyesCredit/Debit cards, Skrill, Neteller, OkPay, CashU, WireTransfer200:1English001000
Juno Markets0https://www.forexexplore.com/forex-brokers/juno-markets-review5003-https://www.forexexplore.com/forex-brokers/juno-markets-reviewMetaTrader 4noyesneteller, skrill, credit cards, wire transfer1:400EnglishnonoFinaComnoyesno100001
Tickmill3http://www.tickmill.com/1001.2-https://www.forexexplore.com/forex-brokers/tickmill-reviewMetaTrader 4, Webtraderyesyeswire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney1:500noyesFCA UK, FSA Seychellesyesyesnoyes111011
TeleTrade0https://www.forexexplore.com/forex-brokers/teletrade-review2000524%https://www.forexexplore.com/forex-brokers/teletrade-reviewMetaTrader 4, Mobilenoyescredit cards, Wire transfer, Neteller, Skrill1:200English, Russian000000
Financika1https://www.financikatrade.com/2502https://www.forexexplore.com/forex-brokers/financika-reviewsProfit, WebProfit, MetaTrader 4yesyes credit cards, wire transfer200:1nononononono000000
TenkoFX3http://www.tenkofx.com103https://www.forexexplore.com/forex-brokers/tenkofx-reviewMetaTrader 4, WebtraderyesyesSkrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi1:500EnglishnonoInternational Financial Services Commission of Belizeyesyesno100001
KGIeworld0https://www.forexexplore.com/forex-brokers/kgieworld-review10003-https://www.forexexplore.com/forex-brokers/kgieworld-reviewMetaTrader 4noyesWire Transfer, Check1:50EnglishnonoMASnoyesno100000
Abshire-Smith0http://www.abshire-smith.com/5001.8https://www.forexexplore.com/forex-brokers/abshire-smith-reviewsVertex fx, Metatrader 4, straticatornoyesCashU, Neteller, Skrill, Wire Transfer1:200nonoFCAyes101000
Alfa Financial0http://www.alfafinancials.com10000$1 plus $15 commissionshttps://www.forexexplore.com/forex-brokers/alfa-financial-reviewMetaTrader 4, AX1Traderyesyes1:100EnglishnonoCentral Bank UAEyes100000
Blueberry Markets4https://www.blueberrymarkets.com1001.5https://www.forexexplore.com/forex-brokers/blueberry-markets-reviewsMetaTrader 4noyescredit cards, wire transfer, POLi, Skrill1:500nonoASICyesyesyesyes110001
CIBfx0http://www.cibfx.com1001https://www.forexexplore.com/forex-brokers/cibfx-reviewMetaTrader 4 yesyesPaypal, Skill, Credit Cards, Neteller1:200nonoVSFCnoyesno000000
BlackBull Markets9https://go.blackbullmarkets.com/visit/?bta=39396&brand=blackbull2000.8yeshttps://www.forexexplore.com/forex-brokers/blackbull-markets-reviewMetatrader 4, Metatrader 5yesyesBank Transfer, Credit Card Payments (Visa, MasterCard), Skrill, Neteller, China Union Pay, FasaPay1:500yesnoFinancial Services Provideryesyesyesnoyesyesyes100000
Darwinex0https://www.darwinex.com/5001https://www.forexexplore.com/forex-brokers/darwinex-reviewMetaTrader 4, cTraderyesyesBank Wire, Credit Cards, UnionPay1:200noyesFCAyes100000
Eightcup0https://www.eightcap.com/1001https://www.forexexplore.com/forex-brokers/eightcap-reviewMetatrader 4noyes1:500nonoASICyesyesnoyes110011
ETX Capital0https://www.etxcapital.com/1001https://www.forexexplore.com/forex-brokers/etxcapital-review ETX Trader Pro, Metatrader 4, ETX binaryyesyescredit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay1:200nonoFCAnonono100000
FCI Markets1http://www.fci-markets.co.uk/2500.2https://www.forexexplore.com/forex-brokers/fci-markets-reviewsCurrenex, FCI NetStation, MetaTrader 4yesyescredit cards, neteller, skrill, wire transfer1:100noyesFCAyesyesno110000
Fortrade1https://www.fortrade.com/5003https://www.forexexplore.com/forex-brokers/fortrade-reviewsFortraderyesyeswire transfer, credit cards, skrill, neteller1:200nonoFCAnononoyes100000
FXGiants1http://www.fxgiants.co.uk5002.2https://www.forexexplore.com/forex-brokers/fxgiants-reviewsMetaTrader 4noyescredit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer1:500nonoFCAnonoyes100001
FXGlobe1https://www.fxglobe.com/2500.7https://www.forexexplore.com/forex-brokers/fxglobe-reviewsMetaTrader 4noyesCredit cards, Neteller, Skrill, Wire transfer1:500nonoCySECyesnoyes110001
FXonus1https://fxonus.com/5003https://www.forexexplore.com/forex-brokers/fxonus-reviewMetaTrader 4yesyesCredit Cards, Skrill, Neteller, Wire Transfer, China Union Pay1:500nononoyesnono010001
FXoro1https://www.fxoro.com/2003https://www.forexexplore.com/forex-brokers/fxoro-reviewsMetatrader 4noyescredit cards, wire transfer, skrill, neteller, ecoPayz, CashU1:400nonoCySECyesnono100001
FXprimus1http://www.fxprimus.com/1000.3https://www.forexexplore.com/forex-brokers/fxprimus-reviewsMetatrader 4noyesBitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer1:500nonoCysecyesyesyes110001
Infinox1https://www.forexexplore.com/forex-brokers/infinox-reviews1001.5https://www.forexexplore.com/forex-brokers/infinox-reviewsMetatrader 4noyescredit cards, wire transfer, skrill, neteller, china unionpay1:300noboFCA UKyesyesnoyes100000
JCMFX1http://jcmfx.com/101.8https://www.forexexplore.com/forex-brokers/jcmfx-reviewMetaTrader 4noyescredit cards, FasaPay, Wire Transfer, Neteller, Skrill1:1,000nonoFSAnonono100001
Larson&Holz1https://www.lh-broker.com/1000https://www.forexexplore.com/forex-brokers/larson-holz-reviewMetatrader 4, Web Traderyesyescredit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money1:500nonoFMRRC, NAFDyesyesno100001
LCG1https://www.lcg.com/11.6https://www.forexexplore.com/forex-brokers/lcg-reviewsMetaTrader 4, LCG Trader (web-based, ECN accounts only)yesyeswire transfer, debit/credit cards, Skrill1:500nonoFCA UKyesyesnoyes100001
LMFX1https://www.lmfx.com/501.8100% match bonus, 15% recoveryhttps://www.forexexplore.com/forex-brokers/lmfx-reviewMetatrader 4, Webtraderyesyescredit cards, Fasapay, neteller, okpay, skrill, wire transfer1:1,000yesnonoyesnoyesyes000001
LQDFX1https://www.lqdfx.com/201https://www.forexexplore.com/forex-brokers/lqdfx-reviewMetaTrader 4, xStationyesyesWire transfer, Credit cards, Skrill, Neteller, Unipay, FasaPay, SoFort, iDeal1:500nononoyesyesno000001
Mahi FX1https://mahifx.com/11https://www.forexexplore.com/forex-brokers/mahifx-reviewsMetatrader 4, MahiFXyesyeswire transfer, credit cards1:100nonoFCA UK, ASIC, FMAnononoyesyes100000
Paxforex1https://paxforex.com/10No deposit $7 bonus – cannot withdrawhttps://www.forexexplore.com/forex-brokers/paxforex-reviewsMetaTrader 4noyesCredit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer1:500nononononoyes000001
Pricemarkets1https://pricemarkets.com5002.5https://www.forexexplore.com/forex-brokers/pricemarkets-reviewMetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FXyesyeswire transfer, credit cards1:400yesnoFCA UKyesyesyes100001
Rallytade1https://www.forexexplore.com/forex-brokers/rallytrade-review1001.6https://www.forexexplore.com/forex-brokers/rallytrade-reviewMetatrader 4, xStation (web-based), xSocial, xOptionsyesyescredit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay1;1,000yesyesFinaCOMnonono100001
Range Markets 1https://www.rangeforex.com/1003https://www.forexexplore.com/forex-brokers/range-markets-reviewsMetatrader 4noyesNeteller, Credit Cards, wire transfer1:500nonoFSA of St. Vincent and the Grenadinesnonono100001
Rekuten Securities1https://www.forexexplore.com/forex-brokers/rakuten-reviews10.7https://www.forexexplore.com/forex-brokers/rakuten-reviewsMarketSpeed FX, Trading Station (inherited from FXCM)yesyeswire transfer, checks, ATM (only for local residents)1:50nonoSFCnoyesnoyes100000
Roboforex1http://www.roboforex.com/12https://www.forexexplore.com/forex-brokers/roboforex-reviewMetaTrader 4, cTraderyesyescredit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money1:500nonoCysec, IFSC, FSP, FSCLyesyesno100001
Swissmarkets0https://www.swissmarkets.com/?campaign=1341&p1=&p2=334&p3=6m8j8j7w#signup2001.2https://www.forexexplore.com/forex-brokers/swissmarkets-reviewMetatrader 4, Webtraderyesyescredit cards, wire transfer, neteller, skrill, iDEAL, giropay1:500nonoCySEC, MiFIDnoyesno100101
Trade3600https://www.trade360.com/1001.835%, $60 no deposit for real accounthttps://www.forexexplore.com/forex-brokers/trade360-reviewTrade360yesnocredit cards, skrill, neteller, wire transfer1:1,000nonoCySECnononoyesyes100001
Tradersway1https://www.tradersway.com/01https://www.forexexplore.com/forex-brokers/traders-way-reviewsMetatrader 4, ctraderyesyesSkrill, Neteller, Perfect Money, Webmoney, QIWI, MonetaRu, EasyPay, Boletto, CashU1:1,000nononoyesyesno010001
Trading2121http://www.trading212.com/1002.5https://www.forexexplore.com/forex-brokers/trading212-reviewTrading212yesnowire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay1:200nonoFCA UKnoyesnoyes100000
TurnkeyForex1http://turnkeyforex.com/5200% deposit bonus; 30 days of commission-free trading; 30% rescue bonushttps://www.forexexplore.com/forex-brokers/turnkey-forex-reviews MetaTrader 4, Trade Stationyesyescredit cards, wire transfer, neteller1:200yesyesnoyesyesyes000000
Whaleclub1https://whaleclub.co/11https://www.forexexplore.com/forex-brokers/whaleclub-reviewsin-house whaleclub web platformyesnobitcoin1:100nononononono000000
Z.com Trade3https://trade.z.com/11.4https://www.forexexplore.com/forex-brokers/z-com-trade-reviews Z.com trader web, Z.com trader pro (demo account only)yesyescredit cards, wire transfer, china unionpay, skrill1:200nonoFCA UKyesyesno100000
Freshforex3https://www.forexexplore.com/forex-brokers/freshforex-review13+5% to each cryptocurrency deposit; get 300% for each deposithttps://www.forexexplore.com/forex-brokers/freshforex-reviewMetatrader 4yesyesWebMoney, ePayService, Skrill , FasaPay, ADVCash, Perfect Money, Neteller, OnlineNaira NGN/USD, E-wallets for the Philippines, Visa/Mastercard/Maestro USD/EUR, Local Depositors, Bitcoin, Internet Banking1:1000noyesKROUFRyesyesyesyesyesyesyesyesyes110011
ForexMart0https://www.forexexplore.com/forex-brokers/forexmart-review10.0$150 no deposit neededhttps://www.forexexplore.com/forex-brokers/forexmart-reviewMetatrader 4yesyescredit cards, Neteller, Skrill, Paypal, Paxum? Bitcoin1:1,000nonoCySECnoyesyesyesyesyesyesyes100001
Pepperstone3https://trk.pepperstonepartners.com/aff_c?offer_id=329&aff_id=40262001.2100% Match Bonushttps://www.forexexplore.com/forex-brokers/pepperstone-reviewMetatrader 4, Metatrader 5, cTrader, cAlgo, cMirroryesyesbPay, credit cards, Paypal1:500EnglishyesyesASIC, FCA UKyesyesyesyesyesyesyesyes111001
Forexee0https://www.forexee.com500.5 plus commissionsSpecial trading commission $1, Welcome Bonus $15 for STP, 0% commission for depositshttps://www.forexexplore.com/forex-brokers/3768-forexee-reviewMetaTrader 4noyesCredit Cards, Webmoney, Wire Transfer, Skrill, Neteller, Bitcoin, Bitcoin Cash, litecoin, Fasapay, etherium, Payza, Perfect Money1:500Englishnononoyesyesnoyes010001
AETOS0https://www.forexexplore.com/forex-brokers/aetos-review2502https://www.forexexplore.com/forex-brokers/aetos-reviewMetaTrader 4yesyesBank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY1:200nonoFCA UKnononoyesyes100000
AETOS0https://www.forexexplore.com/forex-brokers/aetos-review2502https://www.forexexplore.com/forex-brokers/aetos-reviewMetaTrader 4yesyesBank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY1:200nonoFCA UKnononoyesyes100000
LH-Crypto0https://www.lh-crypto.com/101https://www.forexexplore.com/forex-brokers/lh-crypto-reviewMetatrader 4, Metatrader 5yesyesBitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer1:5002018noyesyesyesyesnoyes111001
TradeFW3https://www.tradefw.com/0250https://www.forexexplore.com/forex-brokers/tradefw-reviewyesyesBank wire, Credit/Debit Card.1:30nonoCysecyesyesnoyes110000
1Market0https://www.forexexplore.com/forex-brokers/1market-review2503https://www.forexexplore.com/forex-brokers/1market-reviewWebtrader, Metatrader 5yesyescredit cards, bank wire transfers, Neteller, Skrill, Sofort, Rapid, PaySafe Card and Volt1:400nonoCysecnonononoyes100001
Trade Nation4https://www.forexexplore.com/forex-brokers/tradenation-review10.6https://www.forexexplore.com/forex-brokers/tradenation-reviewin-house web-based platform, Metatrader 4 MT4yesyesCredit Card, Srill 1:30; 1:200EnglishyesyesFCA in the UK, the ASIC in Australia, the FSCA in South Africa and the SCB in the Bahamasyes110000
PlusMarkets0https://www.forexexplore.com/forex-brokers/plusmarkets-review00.1https://www.forexexplore.com/forex-brokers/plusmarkets-reviewMetatrader 4, PlusMarkets Traderyesyescards, wire transfers, and some alternative payment methods, which aren’t specified1:30nonoCySecnoyesno100000
HonorFX0https://www.forexexplore.com/forex-brokers/honorfx-review1000.2https://www.forexexplore.com/forex-brokers/honorfx-reviewMetatrader 5noyesCredit Cards, Neteller, Skrill, Paypal, Bitpay, Fasapay, Perfect Money1:500FSAyes101001
Tiger Brokers0https://www.forexexplore.com/forex-brokers/tiger-brokers-review0https://www.forexexplore.com/forex-brokers/tiger-brokers-reviewTiger TradenoyesBank Wire Transfer, FAST, DDA, PayNowUp to 4x (day trade), Up to 2x (next day)yesUS Securities and Exchange Commission, Australian Securities & Investments Commission (ASIC) yes100000
MarketBull0https://www.forexexplore.com/forex-brokers/marketbull-review10001.8100% match the deposithttps://www.forexexplore.com/forex-brokers/marketbull-reviewMetatrader 4yesyesCredit Cards, Neteller, Skrill, Bank Wire Transfer1:1000jurisdiction of the UKyesyesyesyesyes110001
CedarFX0https://www.forexexplore.com/forex-brokers/cedarfx-review503https://www.forexexplore.com/forex-brokers/cedarfx-reviewMetaTrader 4 yesCredit Card, Bank Wire, Bitcoin1:500yes100001
GCI Trading0https://www.forexexplore.com/forex-brokers/gci-trading-review500150% on deposithttps://www.forexexplore.com/forex-brokers/gci-trading-reviewMetaTrader 4, ActTraderyesyesBank Wire Transfer, Credit Card, Neteller, Skrill1:400IFSCyesyes110001
Axi0https://www.forexexplore.com/forex-brokers/axitrader-review2001.2https://www.forexexplore.com/forex-brokers/axitrader-reviewMetatrader 4yesyesDebit and Credit Cards (Visa, Master, Maestro, JCB) Neteller Skrill/Moneybookers Global Collect (only for Australian clients) BPAY (only for Australian Clients) China Union Pay (only for Chinese residents) Bank Transfer Broker to Broker Transfer1:400nonoASIC, FCA, Financial Services Authority in Saint Vincent and the Grenadinesnonoyes100001

How To Choose a Forex Brokerage if you are Australian trader

You have to decide on your currency pairs and trading style. Practice with demo account before you invest any real money into the game. Keep in mind that Metatrader 4 platform is one of the popular and safest out there and is available for either download and web-based including mobile versions.

Whether a complete newbie or experienced trader, check out terms and conditions of each broker you have selected to trade with. Little hidden fees, high spreads, limitations on trading styles can be a huge disadvantage for your investing career.

What you need to look out for the most:

  • Spreads – The difference between SELL and BUY price in points (pips) anything over 3 Pips for the most liquid EUR/USD is usually too much and you should avoid. Spreads can be variable or fixed, it usually depends on the account type.
  • Swaps – the fee you pay in order to keep the contract open over night. There are Islamic accounts with some brokers with swap-free options.
  • Commissions per lot traded – usually charged with ECN and STP accounts where spreads are fixed.
  • Respected regulation authority such as DFSA, FCA UK, Cysec
  • Segregated accounts for your trading funds (meaning that your money is kept separately from the company’s finances)
  • Satisfactory reviews from real forex traders from Kenya and around the globe
  • Various payment methods with fast deposit and withdrawal options
  • Low spreads and outstanding trading features
  • Reputable trading platform such as Metatrader 4
  • High quality customer support via chat email and phone 

Is forex trading legal in Australia?

The only legal restrictions set by the ASIC, Australia’s Forex regulatory body, are imposed on the trading platforms and they limit credit card deposits to $1,000 when you open an account. Other than that, there are no leverage restrictions imposed, for now, or other legal obligations, apart from tax obligations.

Is Forex actually profitable?

How Profitable is Forex Trading? Generally, profits and losses are almost unlimited in the Forex market. Mostly, it depends on your risk appetite, your trading strategy, and your level of understanding. Start trading for a skill instead of a profit, and in time, the profits should come with the skill.

How much do forex traders make in a day?

This way it is possible to earn very easily between $500 – $1000 a day net of cost on the trade. If you trade correctly bearing in mind the short term, medium and long term auction then you can do very well.

So there, we explained the main parts and now you can go over the top rated ECN Australian Forex brokers, check out the Reviews and try out demo account, navigate through their trading platforms, try out the trading features and see the pros an cons of each broker yourself. Below is the broker list you have been waiting to see.  By running through this checklist, you should end up with a shortlist of brokers that offer you a good quality of service.

How do I choose a forex broker in Australia?

Searching for a reliable broker can be overwhelming because there are so many of them. The task becomes much easier if you search with some criteria in mind. Here’s a list with some of the conditions your broker must meet in order to be considered trustworthy. The best practice is to look for a broker that is regulated by a financial institution in Australia. That means you should be looking for a broker that is regulated by the ASIC (Australian Securities and Investments Commission).

How to Choose a Forex Broker (as an Aussie trader)

  • The most important factor to look for in a broker is to see if the broker is regulated by the Australian Securities and Investment Commission (ASIC).  ASIC is the regulatory body that is in charge of regulating the Australian financial industry. ASIC is also tasked with consumer protection as well as corporate governance which helps to ensure that your rights as a consumer are not abused by the brokers.
  • Apart from regulatory oversight, you should also ensure that the broker has provided you with a reliable trading platform. The trading platform is every trader’s gateway to the financial markets and without a reliable platform, one will not be able to trade effectively.
  • Finally, look at the spreads or commissions that the broker is charging. If the broker charges high spreads or commission, then your profitability will be affected. To help our Australian readers get a head start, we have compiled a list of recommended brokers that are based in Australia.

BOTTOM LINE

The fact that there are numerous well-managed, trustworthy and Forex brokers in Australia makes the process of choosing the best broker quite overwhelming. Unlike in most other markets around the world, you can bet on the strict ASIC regulations to keep the unscrupulous traders at bay thereby giving you peace of mind when making this all-important decision.

Start by checking the reviews of the companies you seek to trade with. You can also engage professional traders and investors within your network for advice on the best trading platforms. Most importantly, turn to reliable review platforms as topbrokers.com for expert advice about the best traders currently available in different markets, including Australia.

Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2022, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.